Description

Online auctions can be risky business, according to the Federal Trade Commission (FTC), a federal agency that works to prevent fraud, deception and unfair practices in the marketplace. Among the
thousands of consumer fraud complaints the FTC receives yearly, those dealing with online auction fraud consistently rank at or near the top of the list. The complaints generally deal with late shipments, no shipments, or shipments of products that aren’t the same quality as
advertised; bogus online payment or escrow services; and fraudulent dealers who lure bidders from legitimate auction sites with seemingly better deals.

This publication will teach you auction rules, legal obligations for sellers and tips for buyers as well as where to turn to get help.

This publication is from the Federal Trade Commission and is provided by the Federal Citizen Information Center.